Generally, obtaining finance for a yacht is not a problem, and various types of financing can be arranged to best suit the buyer and the seller of a yacht. Typical terms range from 2 to 10 years and can be structured in most currencies and in fixed or variable rates. Collateral will generally be a first mortgage on the yacht and an assignment on all relevant insurances, and personal guarantees may be required in some cases.

Standard downpayments are usually between 25% and 35%, depending on the vessel , its purchase price and residual value. Apart from these guidelines, it is generally possible to structure the type of funding best suited to the clients requirements.

Of course, hedging the currency risk is important in yachting as in all other businesses. If you are buying your yacht in dollars, it is best to take on a dollar loan. But now there is a way of reducing your interest costs without currency risk - at no extra cost! Contact us for further details of this new development.

Please call Lars at +33 4 9334 9245 or mail him for more information or a talk!